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Trinity Industri: New 52-Week Low Set Today (TRN)

By Shiri Gupta

Shares of Trinity Industri (NYSE:TRN) traded at a new 52-week low today of $17.58. This new low was reached on below average trading volume as 91,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.

There is potential upside of 136.1% for shares of Trinity Industri based on a current price of $17.58 and an average consensus analyst price target of $41.50. The stock should run into initial resistance at its 50-day moving average (MA) of $19.72 and subsequent resistance at its 200-day MA of $21.58.

Trinity Industries, Inc. manufactures transportation, construction, and industrial products. The Company's products include tank and freight railcars, inland hopper and tank barges, highway guardrail and safety products, ready-mix concrete, and other products. Trinity markets its products internationally.

In the past 52 weeks, Trinity Industri share prices have been bracketed by a current low of $17.58 and a high of $28.33 and are now at $17.58. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Trinity Industri on May 13th, 2019 by issuing a Downtrend alert when the shares were trading at $20.84. Since that call, shares of Trinity Industri have fallen 12.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows trinity industri

Ticker(s): TRN